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20121222
20121222
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)'s took a hit today thanks to the fiscal cliff drama the markets tanked after house republicans cancelled the vote. congress the final friday before christmas go without a deal. the dow dropped 120 points. the nasdaq lost 29. the s&p lost 14. adam shapiro of the fox business network. for weeks it's been reported that investors had already figured into the numbers if you will the fiscal cliff. why are we here? >> you mean at the point that we're down on the dow and down today? >> harris: yeah. >> first of all it could have been worse. when you saw the future last night what he would realized there was not going to be a deal in the house investors said it's not going to be good. they pulled back. there is still 10 days. some investors believe that will happen. priced. in big money investors already pulling out of the market. they were selling some of their stocks in anticipation what will be a tax hit for them no matter what. they were getting ready for. this you still have optimism among some investors that there could be a deal. monday is going to be a low volume day. it's a half day of t
withholding up an agreement on the fiscal cliff. back to you in new york. thank you, peter. and if congress can't make that deal, taxes for every single american all of you watching this morning will go go up on january 1st. here to tell us how much they will go up economic editorial writer for the "wall street journal" author of who is the fairest of them all. the truth about opportunity, taxes and wealth in america. stephen moore. stephan, you are the bearer of bad news this morning. how much are our taxes going to get hit in just two weeks? >> well, good morning, guys. merry christmas. you though, this is an unbelievable situation because it's been, what, five or six weeks since the election. abc it's amazing that they are still as far apart today from getting a deal as they were when we first started talking about this. if we do go over the cliff. by the way i agree with peter. i still there is a slim chance at getting something done next week before new year's eve. but if we don't get that deal, we're talking about a very major tax increase. not just on people like warren buffet and bi
of the year. >> jamie: thanks for the roundup. >> kelly: how will the looming fiscal cliff crisis affect you? well, if congress fails to reach a deal the beginning of the new year, those making between 40,000 and $50,000 a year will see an average tax increase of more than $1700. those making between 100,000 and $200,000 a year will see an average increase go even steeper of more than $6500 and the average tax increase of those with an annual income of more than 1 million dollars would jump to more than $250,0 $250,000. >> jamie: just the increase? wow. well, new report says that we could be in store for a really nasty flu season. it's already happening in many states, but a recently approved medication, is it safe for everyone? dr. david somati weighs in on that. >> kelly: a horror for a mother after a shopping cart carrying her infant son rolls into traffic. how it ended next. >> and giving back through the gift of music. ♪ >> coming up, some of nashville's biggest stars are helping those most in need this holiday season. questions? anyone have occasional constipation, diarrhea, gas, bl
Search Results 0 to 2 of about 3